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Kovacevich on TARP


racemize
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Guest wellmont

they should not have made banks that didn't need it take it. it put wfc in the same category as bac in they eyes of investors. tainted all of them. of course it did give buffett a great and extended buying opportunity.

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they should not have made banks that didn't need it take it. it put wfc in the same category as bac in they eyes of investors. tainted all of them. of course it did give buffett a great and extended buying opportunity.

 

I don't think Buffett bought any shares when WFC was bottoming in early 2009. But guess who did- Kovacevich. He bought 1MM shares at $8! He almost nailed the very bottom.

 

I like Stumpf, but K sure looks like he could still be on the job. Great banker.

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